BigCommerce Target of Unusually High Options Trading (NASDAQ:BIGC)

BigCommerce Holdings, Inc. (NASDAQ:BIGC) saw unusually large options trading on Monday. Stock investors bought 7,516 call options on the company. This represents an increase of 1,620% compared to the typical volume of 437 call options.

BigCommerce Price Performance

NASDAQ:BIGC traded up $0.11 during trading hours on Monday, reaching $6.10. The company had a trading volume of 157,166 shares, compared to its average volume of 840,822. The stock has a 50-day moving average of $6.41 and a two-hundred day moving average of $6.27. BigCommerce has a one year low of $5.13 and a one year high of $8.60. The firm has a market capitalization of $479.07 million, a PE ratio of -17.41 and a beta of 1.13. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48.

BigCommerce (NASDAQ:BIGC) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. Analysts forecast that BigCommerce will post -0.16 earnings per share for the current year.

Insider Transactions at BigCommerce

In other news, Director Ellen F. Siminoff acquired 177,158 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the transaction, the director now owns 253,333 shares in the company, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.06% of the company’s stock.

Institutional Trading of BigCommerce

Large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BigCommerce during the fourth quarter worth $35,000. New York State Common Retirement Fund grew its holdings in shares of BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after purchasing an additional 4,400 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of BigCommerce by 260.5% during the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company’s stock worth $61,000 after purchasing an additional 7,181 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of BigCommerce during the third quarter worth $61,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BigCommerce during the fourth quarter worth $66,000. Institutional investors own 79.21% of the company’s stock.

Analyst Upgrades and Downgrades

BIGC has been the topic of a number of research reports. Barclays cut BigCommerce from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $7.00 in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $7.80.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.